118.023 Declaring existence of fiscal watch. - Ohio Statutes

118.023 Declaring existence of fiscal watch.

Upon determining that one or more of the conditions described in section 118.022 of the Revised Code are present, the auditor of state shall issue a written declaration of the existence of a fiscal watch to the municipal corporation, county, or township and the county budget commission. The fiscal watch shall be in effect until the auditor of state determines that none of the conditions are any longer present and cancels the watch, or until the auditor of state determines that a state of fiscal emergency exists. The auditor of state shall provide such technical and support services to the municipal corporation, county, or township after a fiscal watch has been declared to exist as the auditor of state considers necessary. The controlling board shall provide sufficient funds for any costs that the auditor of state may incur in determining if a fiscal watch exists and for providing technical and support services.

Effective Date: 09-03-1996